Economy fears hitting recruitment
UK employers are set to take on new workers at their slowest rate in six years in the wake of the credit crisis, recruitment firm Manpower has said.
It found that the balance of firms seeking to hire in the next quarter over those planning job cuts had almost halved from the same period in 2007. Hiring expectations in financial and business services, the best performing sector in recent years, fell the most. The survey was based on poll of 2,000 employers and their recruitment plans. "People are a bit concerned with what they are seeing from the financial market and the outlook for the economy," said Mark Cahill, managing director of Manpower UK. "Most people are still looking to employ more people. It's just not as high or as optimistic as it has been."
See "Economy fears hitting recruitment", BBC News, BBC News Online, December 10, 2007